If a competitive market is producing at the efficient quantity, all of the following are true except which one?

Name: If a competitive market is producing at the efficient quantity, all of the following are true except which one?
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Question

Quizplus · Accepted Answer

In a competitive market producing at the efficient quantity, the marginal benefit to society equals the marginal cost, not exceeds it. This equality ensures that resources are allocated efficiently, maximizing total surplus and eliminating deadweight loss.

If a Competitive Market Is Producing at the Efficient Quantity